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Read. Follow. Verify.Idaho House Bill 968 Directs Fiscal Year 2026 and 2027 State Treasury Fund Transfers and Appropriations
Last action · April 2, 2026: Line item vetoed by Governor on April 8, 2026 Session Law Chapter 311 Effective: 04/08/2026 SECTION 1-6 with exception of line item veto in SECTION 1 & 4; 07/01/2026 SECTION 7-14
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What This Bill Does
Idaho House Bill 968 authorizes specific cash transfers and interest earnings allocations from various state dedicated funds to the and other accounts for fiscal years 2026 and 2027. The measure sets legislative transfer limits, establishes contingency payroll fund transfers if revenue targets fall short, and directs interest earnings to maintain a minimum General Fund ending cash balance.
The legislation reshapes internal state fund accounting by moving millions of dollars between dedicated reserves and general operating accounts to manage state revenue targets and fund balances over a two-year budget cycle.
- Idaho House Bill 968 was introduced by the Joint Appropriations Committee during the 2026 legislative session to adjust state fund balances and manage multi-year budget targets. context
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Office of the State Controller
Must execute and limit various cash and interest earnings transfers across multiple state funds as instructed by legislative leadership.
State Board of Examiners
Gains authorization to direct cash transfers from the Twenty-seventh Payroll Fund to balance the budget if revenue targets are missed.
Key Facts
- The Office of the State Controller shall transfer $5,803,500 from the Permanent Building Fund to the Legislative Account for fiscal year 2026.
- The President Pro Tempore of the Senate and the Speaker of the House shall limit the General Fund transfer to the Legislative Account to $8,170,600 for the period of July 1, 2025, through June 30, 2026.
- The State Controller shall transfer $13,000,000 from the Idaho Broadband Fund to the General Fund for fiscal year 2026.
- Remaining balances from the School District Building Account, excluding the Public Schools Facilities Cooperative Fund subaccount, are transferred to the General Fund for fiscal year 2026.
Show all 10 facts
- The State Board of Examiners is authorized to direct transfers from the Twenty-seventh Payroll Fund to the General Fund between May 1, 2026, and June 30, 2026, if General Fund revenues fall below the $5,510,100,000 target.
- Fifty percent of interest earnings generated in fiscal years 2024, 2025, and 2026 from the ARPA State and Local Fiscal Recovery Fund, or $32,877,300 (whichever is greater), is transferred to the Strategic Initiatives Fund for fiscal year 2026.
- Fifty percent of interest earnings generated in fiscal years 2024, 2025, and 2026 from the ARPA State and Local Fiscal Recovery Fund, or $32,877,200 (whichever is greater), is transferred to the Fire Suppression Deficiency Warrant Fund for fiscal year 2026.
- The legislative transfer to the Legislative Account for fiscal year 2027 is limited to $8,085,500.
- Interest earnings from the Budget Stabilization Fund, Public Education Stabilization Fund, Water Pollution Control Fund, Permanent Building Fund, Strategic Initiatives Program (Dedicated) Fund, and Strategic Initiatives Program (Local) Fund for fiscal year 2027 are transferred to the General Fund to ensure a minimum ending cash balance of $150,000,000.
- The remaining balance in the Strategic Initiatives Grant Program Fund of at least $4,150,200 is appropriated and transferred to the General Fund for fiscal year 2027.
Frequently Asked Questions
What happens if General Fund revenues fall short of targets in fiscal year 2026?
Where do interest earnings from stabilization and dedicated funds go for fiscal year 2027?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law with line-item vetoes.
Procedural history
15 actions- Apr 2, 2026EnrolledLine item vetoed by Governor on April 8, 2026 Session Law Chapter 311 Effective: 04/08/2026 SECTION 1-6 with exception of line item veto in SECTION 1 & 4; 07/01/2026 SECTION 7-14
- Apr 2, 2026Delivered to Governor at 12:51 p.m. on April 2, 2026
- Apr 2, 2026Returned Signed by the President; Ordered Transmitted to Governor
- Apr 2, 2026Signed by President; returned to House
- Apr 2, 2026Received from the House enrolled/signed by Speaker
- Apr 1, 2026Reported Enrolled; Signed by Speaker; Transmitted to Senate
Show 9 earlier actions
- Apr 1, 2026FloorReturned from Senate Passed; to JRA for Enrolling
- Apr 1, 2026FloorRules Suspended (2/3 Vote - Read in full as required) – Read third time in full – PASSED - 28-6-1 AYES – Adams, Anthon, Bjerke(Bjerke), Blaylock, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Galloway, Grow, Guthrie, Harris, Hart, Keyser, Kohl, Lakey, Lenney, Lent, Nichols, Okuniewicz, Ricks, Shippy, Toews, VanOrden, Woodward, Zito, Zuiderveld NAYS – Rabe, Ruchti, Semmelroth, Taylor, Ward-Engelking, Wintrow Absent and excused – Bernt Floor Sponsor - Grow Title apvd - to House
- Apr 1, 2026Reported out of Committee with Do Pass Recommendation; Filed for second reading
- Apr 1, 2026IntroducedIntroduced, read first time; referred to: Finance
- Apr 1, 2026FloorReceived from the House passed; filed for first reading
- Mar 31, 2026FloorRules Suspended: Ayes 65 Nays 0 Abs/Excd 5, read in full as required – PASSED - 53-13-4 AYES – Alfieri, Barbieri, Beiswenger, Boyle, Bruce, Burgoyne, Cannon(Cannon), Cayler, Cornilles, Crane(12), Crane(13), Dygert, Ehardt, Ehlers, Erickson, Fuhriman, Furniss, Hall(Stone), Handy, Harris, Hawkins, Healey, Hill(Hill), Holtzclaw, Hostetler, Leavitt, Manwaring, Marmon, Mendive, Miller, Mitchell, Monks, Nelsen, Pickett, Pohanka, Price, Rasor, Raybould, Raymond, Redman, Sauter, Scott, Shepherd, Shirts(Batt), Skaug, Tanner(13), Tanner(14), Thompson, Vander Woude, Veile, Weber, Wisniewski, Mr. Speaker NAYS – Berch, Bingham, Cheatum, Church, Egbert, Galaviz, Gannon, Garner, Green, Mathias, Mickelsen, Petzke, Rubel Absent – Haws, McCann, Palmer, Wheeler Floor Sponsor - Tanner(14) Title apvd - to Senate
- Mar 31, 2026Read second time; Filed for Third Reading
- Mar 30, 2026Reported Printed; Filed for Second Reading
- Mar 30, 2026IntroducedIntroduced, read first time, referred to JRA for Printing
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Two-Tiered Fiscal Year Restructuring
The legislation pairs immediate fiscal year 2026 cash sweeps and ARPA interest allocations with comprehensive fiscal year 2027 interest earnings sweeps from stabilization and dedicated funds to enforce a $150 million General Fund floor.
Connected Entities
Sources
legislature.idaho.gov
Analysis Score
0–100- Significance75How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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